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19Apr2012
Author
Dan Green
Filed Under
Foreclosures
Foreclosures : There’s A New #1 State For Foreclosure Activity Thumbnail

Foreclosures : There’s A New #1 State For Foreclosure Activity

After more than 5 years, Nevada is no longer the top state for foreclosures. Guess who's the new number one. (HINT: It's NOT California).

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22Feb2012
Author
Dan Green
Filed Under
Foreclosures
Foreclosed Homes Finally “Spreading Out” Across All 50 States Thumbnail

Foreclosed Homes Finally “Spreading Out” Across All 50 States

Buying a foreclosed home? Spring 2012 may be your best chance yet. A combination of aggressive legislation and low mortgage rates have left today's market ripe for value.

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18Jan2012
Author
Dan Green
Filed Under
Foreclosures
These 4 States House 50% Of The Nation’s Foreclosure Filings Thumbnail

These 4 States House 50% Of The Nation’s Foreclosure Filings

Buying a foreclosure? Get a move on. Foreclosure activity fell to a 49-month low last month, and figures to be even lower through 2012. See where foreclosures are occurring, and where they're not.

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15Dec2011
Author
Dan Green
Filed Under
Foreclosures
Foreclosures : The Last “Great Deal” In Housing Is Endangered Thumbnail

Foreclosures : The Last “Great Deal” In Housing Is Endangered

The number of foreclosed homes for sale is dwindling, yet buyer demand for them surges. Remember that highly-publicized, 25% discount for buying a bank-owned home? It's about to go away. If you're looking at foreclosures, here's where to find them.

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18Oct2011
Author
Dan Green
Filed Under
Foreclosures
Buy A Foreclosed Home, Get A Great, Low Mortgage Rate Thumbnail

Buy A Foreclosed Home, Get A Great, Low Mortgage Rate

With each passing month, there are fewer and fewer foreclosures nationwide. Foreclosures are down on a year-to-year basis for the 12th straight month.

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15Sep2011
Author
Dan Green
Filed Under
Foreclosures
Default Notices Surge In August; Foreclosures Poised To Rise? Thumbnail

Default Notices Surge In August; Foreclosures Poised To Rise?

Default notices made their biggest one-month jump since August 2007 last month, on the way to a 9-month high. This may foreshadow a large number of bank repossessions in the months ahead.

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26Aug2011
Author
Dan Green
Filed Under
Foreclosures
Foreclosures As A Percentage Of All Home Sales, By State Thumbnail

Foreclosures As A Percentage Of All Home Sales, By State

In some states, more than half of home sales are for homes in foreclosure. Where does your state rank?

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12Aug2011
Author
Dan Green
Filed Under
Foreclosures
Where To Find The Biggest Foreclosure/Short Sale Discounts Thumbnail

Where To Find The Biggest Foreclosure/Short Sale Discounts

Foreclosure filings nationwide fell 35 percent in July 2011, a statistic that hints at the ongoing housing recovery. So, with less REO, where will you find the best "deals"?

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14Jul2011
Author
Dan Green
Filed Under
Foreclosures
June Foreclosure Stats : Distressed Homes Sell At 20% Discount Thumbnail

June Foreclosure Stats : Distressed Homes Sell At 20% Discount

According to foreclosure-tracking firm RealtyTrac, the number of foreclosure filings dropped 29 percent nationwide on an annual basis in June.

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13May2011
Author
Dan Green
Filed Under
Foreclosures
REO Volume Plummets; Homes Now Sell At 20% Discount Thumbnail

REO Volume Plummets; Homes Now Sell At 20% Discount

National Association of REALTORS® says foreclosures sell at a steep, 20 percent discount relative to non-distressed homes. There's bargains to be had -- you just need to know where to find them.

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18Apr2011
Author
Dan Green
Filed Under
Foreclosures
Are The “Good Deals” In Foreclosures A Thing Of The Past? Thumbnail

Are The “Good Deals” In Foreclosures A Thing Of The Past?

If you're shopping for bank-owned homes, supplies may be limited. Foreclosure filings are down 35% since last year. That's a big number. See how your state stacks up.

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11Feb2011
Author
Dan Green
Filed Under
Foreclosures
To Find The Best Foreclosures, You Have To Know Where To Look Thumbnail

To Find The Best Foreclosures, You Have To Know Where To Look

There's good foreclosure buys out there, but it's getting harder to find them as bank REO slips. The trick is to search the databases that the other buyers aren't.

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24Jan2011
Author
Dan Green
Filed Under
Foreclosures
Foreclosure Distribution In The United States (2005-2010) Thumbnail

Foreclosure Distribution In The United States (2005-2010)

If you're in the market for "a good deal" -- as an investor, first-timer, or move-up buyer -- here's a guide for where to find foreclosures. Hey -- they're 15% off.

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23Dec2010
Author
Dan Green
Filed Under
Foreclosures
Foreclosures Selling At 15% Discount But Inventory Is Thinning Out Thumbnail

Foreclosures Selling At 15% Discount But Inventory Is Thinning Out

For the first time since February 2009, the monthly foreclosure filings retreated below 300,000. The pace of foreclosures is slowing nationwide. Or is it?

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19Oct2010
Author
Dan Green
Filed Under
Foreclosures
September 2010 : Foreclosures Sold At 26 Percent Discount Thumbnail

September 2010 : Foreclosures Sold At 26 Percent Discount

The average sale price on a home in some stage of foreclosure was 26 percent lower last month than homes *not* in some stage of foreclosure.

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20Sep2010
Author
Dan Green
Filed Under
Foreclosures
How Banks Are Making It Harder To Get A Foreclosure “Steal” Thumbnail

How Banks Are Making It Harder To Get A Foreclosure “Steal”

NAR says home buyers get a "distressed home discount" of roughly 15 percent. Banks are working to reduce that number.

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16Jul2010
Author
Dan Green
Filed Under
Foreclosures
The 80/20 Rule No Longer Applies To REO and Foreclosures Thumbnail

The 80/20 Rule No Longer Applies To REO and Foreclosures

The 80/20 Rule no longer holds true with respect to foreclosures. In Q2 2010, the 10 most foreclosure-heavy states now account for just 70 percent of foreclosures. That's a big drop for a 12-month period. Based on RealtyTrac data, foreclosures haven't been this un-concentrated since 2007.

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11Jun2010
Author
Dan Green
Filed Under
Foreclosures
Finding Foreclosure Deals : Bank Repossessions Reach An All-Time High Thumbnail

Finding Foreclosure Deals : Bank Repossessions Reach An All-Time High

The National Association of Realtors® says the typical "distressed home discount" ranges near 15 percent. Buying foreclosed homes can be an excellent value if you find REO in livable condition.

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17May2010
Author
Dan Green
Filed Under
Foreclosures
Comparing The Foreclosure Rate Per Household By State (April 2010) Thumbnail

Comparing The Foreclosure Rate Per Household By State (April 2010)

9 of the top 10 leading metropolitan areas for foreclosure-related activity showed a drop in annual activity. Only Reno, Nevada showed an increase.

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19Apr2010
Author
Dan Green
Filed Under
Foreclosures
Chart : Foreclosures Per Household By State (March 2010) Thumbnail

Chart : Foreclosures Per Household By State (March 2010)

There's 11 days left to claim the government's home buyer tax credit and if you're among the thousands of buyers with their sights on foreclosures, the timing may be perfect. There's been 257,000 new bank REOs since January.

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15Mar2010
Author
Dan Green
Filed Under
Foreclosures
February 2010 : 4 States Account For More Than 50% Of Foreclosure Activity Thumbnail

February 2010 : 4 States Account For More Than 50% Of Foreclosure Activity

Foreclosure-related filings topped 300,000 last month, according to foreclosure-tracking firm RealtyTrac. Nationwide, 1 in every 418 households was served some form of foreclosure notice but -- as always -- foreclosures are more common in some areas than others. In February 2010, 4 states accounted for more than half of the country's foreclosure-related activity

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12Feb2010
Author
Dan Green
Filed Under
Foreclosures
Buying REO? Keep An Eye On Foreclosures Per Capita. Thumbnail

Buying REO? Keep An Eye On Foreclosures Per Capita.

Foreclosure-related filings topped 300,000 last month, bringing the 12-month total to somewhere near 1.4 million nationwide. Some states, of course, are more foreclosure-heavy than others. According to RealtyTrac, the state of Nevada keeps its title as Foreclosure Central with a foreclosure rate 4 times the national average. Arizona, California and Florida aren't far behind.

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19Jan2010
Author
Dan Green
Filed Under
Foreclosures
Foreclosure Distribution In The United States (2005-2009) Thumbnail

Foreclosure Distribution In The United States (2005-2009)

Clearly, some states are more foreclosure-heavy than others. And always have been.

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15Jan2010
Author
Dan Green
Filed Under
Foreclosures
Foreclosure Activity Increased Across Most States In 2009. Ohio Wasn’t One Of Them. Thumbnail

Foreclosure Activity Increased Across Most States In 2009. Ohio Wasn’t One Of Them.

As reported by RealtyTrac.com, the Buckeye State is the only state among the Top 10 in 2009 Foreclosure Activity to post fewer filings versus 2008. It's a nice boost for a state that's been beaten down by high unemployment and the New York Jets. Foreclosures are slowing statewide, helping both home values and homeowner morale.

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11Dec2009
Author
Dan Green
Filed Under
Foreclosures
Finding Foreclosures To Buy : Do Your Own Homework Before Calling Your Real Estate Agent Thumbnail

Finding Foreclosures To Buy : Do Your Own Homework Before Calling Your Real Estate Agent

Foreclosure activity in most the nation's largest states dropped last month, buoying the national average lower despite 30 states faring worse than the national average. Total foreclosure activity nationwide slipped for the 4th straight month. Versus October, activity is down 8 percent. A reduction in foreclosure activity is big news for housing, but the big-ger news is buried in the stats.

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13Nov2009
Author
Dan Green
Filed Under
Foreclosures
Of The Top 10 Foreclosure Markets Nationwide, Only 1 Is Getting Worse Thumbnail

Of The Top 10 Foreclosure Markets Nationwide, Only 1 Is Getting Worse

Overall, this month's foreclosure report is another positive signal in the housing market. Recovery is underway.For homebuyers looking at foreclosed homes, though, the window for "a deal" may be closing. Since foreclosures became "big business" toward the end of 2008, real estate firms found ways to make buying a foreclosed home faster and cheaper.It's no surprise that distressed properties now account for nearly 1/3 of home resales.

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16Oct2009
Author
Dan Green
Filed Under
Foreclosures
Foreclosures Per Household Data Shows The Way To The Homebuying Bargains Thumbnail

Foreclosures Per Household Data Shows The Way To The Homebuying Bargains

The severity of the "Foreclosure Crisis" depends on where you live, it seems. According to the RealtyTrac.com Q3 foreclosure report, Foreclosures Per Household skews heavy towards just a few states. Nevada leads the nation with 1 foreclosure per 23 households. Its rate is six times the national average of 1 foreclosure per 136 households. Arizona, California, and Florida are a distant 2, 3 and 4, respectively.

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11Sep2009
Author
Dan Green
Filed Under
Foreclosures
How To Find Distressed Properties Using Foreclosures-Per-Capita Statistics Thumbnail

How To Find Distressed Properties Using Foreclosures-Per-Capita Statistics

According to the August RealtyTrac.com foreclosure report, the severity of the "Foreclosure Crisis" depends on where you live. Foreclosures Per Household are highly skewed towards just a few states. The data is so lop-sided, in fact, that 41 states fall below the national average. For shoppers of foreclosed homes, the RealtyTrac data is a true buyer's guide to Where To Find Distressed Homes.

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14Aug2009
Author
Dan Green
Filed Under
Foreclosures
Foreclosures Per Household Statistics Show Where Defaults Are Concentrating Thumbnail

Foreclosures Per Household Statistics Show Where Defaults Are Concentrating

According to RealtyTrac, for the manyth consecutive month, foreclosures are concentrating across just a few states. The data is skewed so badly that 44 states fall below the national average. That's saying something.

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17Jul2009
Author
Dan Green
Filed Under
Foreclosures
Want To Buy A Foreclosed Home? Here’s The Chart For Where To Look. Thumbnail

Want To Buy A Foreclosed Home? Here’s The Chart For Where To Look.

Setting aside the personal pain foreclosures can cause, the massive mortgage default numbers have a silver lining. Both first-time home buyers and opportunistic real estate investors can now buy foreclosed homes at relatively low prices and finance them at attractive mortgage rates. Meanwhile, Foreclosure search engines are rarely free but often come with "trial periods". Trial memberships are usually full-featured and you can use your 7 free days to make an unlimited number of queries to help ascertain whether or not the foreclosure market is a good fit for your personal real estate goals.

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12Jun2009
Author
Dan Green
Filed Under
Foreclosures
The 3 States That Accounted For More Than Half Of The Nation’s Foreclosure Activity in May 2009 Thumbnail

The 3 States That Accounted For More Than Half Of The Nation’s Foreclosure Activity in May 2009

According to data from its May 2009 foreclosure trends report, foreclosure-tracker RealtyTrac showed that more than 50 percent of the country's foreclosure last month were concentrated across just 3 states: California, Florida, Nevada. On a population basis, these 3 states represent 19 percent of the U.S. population.

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13May2009
Author
Dan Green
Filed Under
Foreclosures
80 Percent Of The Country’s Foreclosures Are In 20 Percent Of The States (April 2009) Thumbnail

80 Percent Of The Country’s Foreclosures Are In 20 Percent Of The States (April 2009)

The Pareto Principle is one of the more interesting theories of statistics and inequality. Often called the 80/20 Rule, it states that 80 percent of the effects come from 20 percent of the causes. According to RealtyTrac.com's April 2009 data, the theory carries over in real estate, too. 11 states accounted for 80% of the country's foreclosure activity last month despite housing just half of the country's total population.

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20Apr2009
Author
Dan Green
Filed Under
Foreclosures
3 States Account For Half Of The Country’s Foreclosures And They’re Not Named “Illinois” Or “Ohio” Thumbnail

3 States Account For Half Of The Country’s Foreclosures And They’re Not Named “Illinois” Or “Ohio”

In looking at the latest stats from foreclosure marketplace RealtyTrac, more than half of the country's foreclosure actions from March 2009 occurred in just 3 states -- California, Florida and Nevada.

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13Mar2009
Author
Dan Green
Filed Under
Foreclosures
The 3 States That Account For 50% Of The Nation’s Foreclosure Actions Thumbnail

The 3 States That Account For 50% Of The Nation’s Foreclosure Actions

According to RealtyTrac.com, California, Florida and Arizona -- home to just 19.99 percent of the country's populace -- accounted for half of the nation's foreclosure actions in February 2009.

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12Sep2008
Author
Dan Green
Filed Under
Foreclosures
Signs That The U.S. Foreclosure Rate May Be Cresting Thumbnail

Signs That The U.S. Foreclosure Rate May Be Cresting

RealtyTrac released its foreclosure data for August 2008, its headline reading in the usual Armageddon-like style: FORECLOSURE ACTIVITY INCREASES 12 PERCENT IN AUGUST Activity Up 27 Percent From August 2007 But, as is also typical, the news isn't nearly as dire as the headline would make us believe. Looking at...

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13Jun2008
Author
Dan Green
Filed Under
Foreclosures
The 80/20 Rule Of Foreclosures in America (May 2008) Thumbnail

The 80/20 Rule Of Foreclosures in America (May 2008)

RealtyTrac's May 2008 foreclosure report looks terrible in the papers, but there's good reasons why we don't get our news from the headlines only. A deeper look at the data shows that the whole country is not being impacted equally. California is home to 8 of the 10 most foreclosure-heavy...

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29Apr2008
Author
Dan Green
Filed Under
Foreclosures

Misleading Charts In The Media : Foreclosures Versus Home Prices

This is a chart from RealtyTrac's Q1 2008 Foreclosure Report. It is misleading. A common conclusion that people make from charts like this is that foreclosures are the cause of falling home prices. That's false. There may be a relationship between the two, but one doesn't necessarily cause the other....

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26Feb2008
Author
Dan Green
Filed Under
Foreclosures
The 80/20 Rule Of Foreclosures in America (January 2008) Thumbnail

The 80/20 Rule Of Foreclosures in America (January 2008)

RealtyTrac released foreclosure data for January 2008 and its report includes a nugget about real estate repossessions. The full-size version is easier on the eyes. Breaking out the data state-by-state, we can see that the Pareto Principle holds: 80 percent of the bank repossessions last month came from 20 percent...

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10Dec2007
Author
Dan Green
Filed Under
Foreclosures

Why Healthy Bodies and Healthy Marriages May Be More Relevant To Slowing Foreclosures Than Interest Rate Adjustments

As the largest sub-prime loan servicer in the country, Countrywide handles payments for 11.90% of the sub-prime market. That's a massive $120 billion worth of loans. The sheer size of that portfolio is why I am publishing the above chart. Normally, data from one lender wouldn't be enough for a...

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14Nov2007
Author
Dan Green
Filed Under
Foreclosures
No Surprise : Foreclosure Rates Seem To Trend With Real Estate Speculation and Regional Job Losses Thumbnail

No Surprise : Foreclosure Rates Seem To Trend With Real Estate Speculation and Regional Job Losses

RealtyTrac published its Q3 2007 foreclosure statistics today and the data paints an interesting picture about the nature of home loan defaults. Of the Top 10 MSAs in terms of Foreclosures Per Household, eight represent areas in which real estate speculation was rampant in 2002-2006, and two represent areas whose...

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